Hims & Hers Health, Inc.

HIMS 10-K · FY 2025

HIMS FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 2,347,637 1,476,514 +59.0%
Show Geography breakouts
Non Us 133,989 26,843 +399.2%
US 2,213,648 1,449,671 +52.7%
Cost of Revenue 614,259 303,379 +102.5%
Gross Profit 1,733,378 1,173,135 +47.8%
Marketing Expense 919,296 678,844 +35.4%
Operations And Support Expense 286,444 185,802 +54.2%
Technology And Development Expense 149,301 78,819 +89.4%
General & Administrative 272,724 167,767 +62.6%
Operating Expenses 1,627,765 1,111,232 +46.5%
Operating Income 105,613 61,903 +70.6%
Equity Securities Fv Ni Unrealized Gain Loss 4,437
Income Loss From Change Of Fair Value Liabilities -9,255
Other Non-Operating Income (Expense) 23,129 9,808 +135.8%
Non-Operating Income (Expense) 18,311 9,808 +86.7%
Income Before Taxes 123,924 71,711 +72.8%
Income Tax Expense (Benefit) 4,441 54,327 -91.8%
Net Income 128,365 126,038 +1.8%
Show Equity Components breakouts
Retained Earnings 128,365 126,038 +1.8%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary -13.4 -26.2 +48.9%
Show Statement Class Of Stock breakouts
Common Class A 123,585 121,148 +2.0%
Common Class V 4,780 4,890 -2.2%
Other Comprehensive Income 2,618 -200 +1409.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 2,618 -200 +1409.0%
Comprehensive Income 130,983 125,838 +4.1%
EPS (Basic) 0.57 0.58 -1.7%
Show Statement Class Of Stock breakouts
Common Class A 0.57 0.58 -1.7%
Common Class V 0.57 0.58 -1.7%
EPS (Diluted) 0.51 0.53 -3.8%
Show Statement Class Of Stock breakouts
Common Class A 0.51 0.53 -3.8%
Common Class V 0.51 0.53 -3.8%
Wtd Avg Shares (Basic) 224,959,268 215,939,037 +4.2%
Show Statement Class Of Stock breakouts
Common Class A 216,581,645 207,561,414 +4.3%
Common Class V 8,377,623 8,377,623 0.0%
Wtd Avg Shares (Diluted) 258,230,547 236,808,876 +9.0%
Show Statement Class Of Stock breakouts
Common Class A 249,852,924 228,431,253 +9.4%
Common Class V 8,377,623 8,377,623 0.0%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 228,616 220,584 +3.6%
Available For Sale Securities Debt Securities Current 348,876 79,667 +337.9%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · US Treasury Bill Securities 9,815 60,160 -83.7%
Fair Value Inputs Level2 · Corporate Bond Securities 158,524 18,060 +777.8%
Fair Value Inputs Level2 · Government and government agency 180,537 1,447 +12376.6%
Show Financial Instrument breakouts
Corporate Bond Securities 158,524 18,060 +777.8%
Corporate Debt Securities 158,524 18,060 +777.8%
Government and government agency 180,537 1,447 +12376.6%
US Treasury Bill Securities 9,815 60,160 -83.7%
Inventory 80,128 64,427 +24.4%
Prepaid Expenses & Other Current Assets 110,018 31,153 +253.2%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level3 · Indemnification Guarantee 3,730
Show Financial Instrument breakouts
Indemnification Guarantee 3,730
Total Current Assets 767,638 395,831 +93.9%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 6.9 56.1 -87.7%
Accounts Receivable 32.1 6.1 +426.2%
Non-Current Assets
Available For Sale Securities Debt Securities Noncurrent 351,263
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level2 · Corporate Bond Securities 80,088
Fair Value Inputs Level2 · Government and government agency 271,175
Show Financial Instrument breakouts
Corporate Bond Securities 80,088
Corporate Debt Securities 80,088
Government and government agency 271,175
Goodwill 278,325 112,728 +146.9%
Operating Lease Right-of-Use Assets 137,046 10,881 +1159.5%
Show Geography breakouts
Menlo Park, California 31.5
Mesa, Arizona 20.9
New Albany, Ohio 69.4
Deferred Tax Assets 82,707 61,603 +34.3%
Other Non-Current Assets 29,680 147 +20090.5%
Total Assets 2,154,705 707,539 +204.5%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 6.9 56.1 -87.7%
Intangible Assets 196,116 43,410 +351.8%
Show Finite Lived Intangible Assets By Major Class breakouts
503B pharmacy license 24,783 27,643 -10.3%
Other Intangible Assets 57,454 853 +6635.5%
Platform partnerships 95,799
Trade Names 18,080 14,914 +21.2%
Other Assets
Property Equipment And Software Net 311,930 82,083 +280.0%
Intangible Assets Net Excluding Goodwill 196,116 43,410 +351.8%
Current Liabilities
Accounts Payable 143,278 91,180 +57.1%
Accrued Liabilities 78,518 53,013 +48.1%
Deferred Revenue (Current) 127,160 75,285 +68.9%
Earn Out Payable Current 46,986
Business Combination Contingent Consideration Liability Current 3,646
Operating Lease Liability Current 4,843 1,889 +156.4%
Total Current Liabilities 404,431 221,367 +82.7%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 6 16.6 -63.9%
Non-Current Liabilities
Convertible Debt Noncurrent 972,580
Operating Lease Liabilities 143,167 9,456 +1414.0%
Earn Out Liability Noncurrent 53,009
Deferred Tax Liabilities 28,856
Other Non-Current Liabilities 11,734
Total Liabilities 1,613,777 230,823 +599.1%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 6 16.6 -63.9%
Long-Term Debt (Q)
Show Debt Instrument breakouts
Convertible Senior Notes Due 2030 · Convertible Debt 972,580
Stockholders' Equity
Common Stock 23 22 +4.5%
Additional Paid In Capital Common Stock 652,383 719,155 -9.3%
Accumulated Other Comprehensive Income 2,294 -324 +808.0%
Retained Earnings -113,772 -242,137 +53.0%
Total Stockholders' Equity 540,928 476,716 +13.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 2,294 -324 +808.0%
Additional Paid In Capital 652,383 719,155 -9.3%
Common Stock 23 22 +4.5%
Retained Earnings -113,772 -242,137 +53.0%
Total Liabilities & Equity 2,154,705 707,539 +204.5%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 54,502 17,088 +218.9%
Show Property Plant And Equipment By Type breakouts
Property, Equipment, and Software 30.8 13.3 +131.6%
Stock-Based Compensation 135,244 92,322 +46.5%
Increase Decrease In Fair Value Liabilities 9,255
Accretion Amortization Of Discounts And Premiums Investments -2,032 -4,355 +53.3%
Deferred Income Taxes -12,961 -61,649 +79.0%
Impairment Of Long Lived Assets Excluding Goodwill 531 114 +365.8%
Amortization Of Financing Costs And Discounts 4,529
Show Debt Instrument breakouts
Convertible Senior Notes Due 2030 · Convertible Debt 3.9
Show Statement Class Of Stock breakouts
Common Class A -3,923
Noncash Operating Lease Costs 12,413 2,546 +387.5%
Noncash Merger Related Costs 5,893
Other Non-Cash Items -2,135 357 -698.0%
Change in Inventory -13,722 -41,612 +67.0%
Change in Prepaid & Other Assets -51,856 -9,494 -446.2%
Increase Decrease In Other Noncurrent Assets -518 -56 -825.0%
Change in Accounts Payable 30,297 43,710 -30.7%
Increase Decrease In Accrued Liabilities -43,053 23,791 -281.0%
Change in Deferred Revenue 51,604 67,552 -23.6%
Increase Decrease In Operating Lease Liability -1,913 -2,443 +21.7%
Net Cash from Operations 300,006 251,084 +19.5%
Investing Activities
Purchases of Investments -725,838 -160,564 -352.1%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 108,698 208,940 -48.0%
Payments For Software -16,546 -11,095 -49.1%
Payments To Acquire Other Productive Assets -226,045 -41,655 -442.7%
Payments To Acquire Businesses Net Of Cash Acquired -145,227 -15,399 -843.1%
Payments To Acquire Equity Securities Fv Ni -20,000
Net Cash from Investing -1,024,958 -19,048 -5280.9%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 132,837 2,593 +5022.9%
Issuance Of Common Stock And Liabilities Assumed In Business Acquisition 12,760
Common Stock To Be Issued Asset Acquisition Indemnification Holdback 6,380
Stock Issued Contingent Consideration And Liabilities Assumed For Business Acquisition 200,267 16,000 +1151.7%
Financing Activities
Proceeds From Issuance Of Senior Long Term Debt 970,000
Cash Paid Capped Calls -47,800
Proceeds From Stock Options Exercised 11,033 26,651 -58.6%
Tax Withholding for Share Compensation -116,669 -52,501 -122.2%
Share Repurchases -89,960 -83,039 -8.3%
Proceeds From Stock Plans 6,440 3,901 +65.1%
Debt Issuance Costs -3,424
Net Cash from Financing 729,620 -107,845 +776.5%
Supplemental
Income Taxes Paid 23,162 7,916 +192.6%
Unpaid Capital Expenditures 25,244 7,781 +224.4%
Income Taxes Paid 23,162 7.9 +293089.9%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,508 -270 +1028.9%
Net Change in Cash 7,176 123,921 -94.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 228,616 221,440 +3.2%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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